May 12, 2016Ambase Corp • May 12th, 2016 • Operators of nonresidential buildings
This letter confirms that you, Richard A. Bianco (R. A. Bianco) personally hereby agrees to provide a financial commitment to AmBase Corporation ("AmBase" or the "Company") in the form of a line of credit up to $1,000,000 (One Million Dollars) or an additional amount(s) as may be necessary and agreed to for working capital for the Company on an as needed basis from time to time, if and when the case may be necessary on terms agreeable to/by the Company and R. A. Bianco at such time. Such line of credit to be secured by a first mortgage interest in the building, 100 Putnam Green, Greenwich, Connecticut ("100 Putnam") which shall be senior to any then existing liens on 100 Putnam.
